The Global Healthcare IT Market research study published by Emergen Research is an extensive collection of insightful information about the Healthcare IT industry. The report covers the Healthcare IT Market segmentation along with a detailed outline of the Healthcare IT market size with regards to volume and valuation. The report provides comprehensive coverage of the Healthcare IT market scenario for the current period and forecast timeline of 2020-2027. The Healthcare IT market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions. Factors influencing the growth of the Healthcare IT market and impacting the growth of the industry are studied extensively in the report. The report discusses in detail the positive and negative impact of the pandemic on the Healthcare IT industry. The supply chain disruptions and economic volatility have altered the dynamics of the Healthcare IT industry. The report explores the effects of the pandemic on the market and its key segments and regions.
The global healthcare IT market size reached USD 201.23 Billion in 2020 and is expected to be valued at USD 549.95 Billion in 2027 and register a steady CAGR during the forecast period, according to latest analysis by Emergen Research. This steady growth can be attributed to increasing government initiatives to implement Healthcare Information Technology (HCIT) solutions in the healthcare sector in developing countries and preference for digital payments in the healthcare industry. Adoption of paperless technology and solutions in the healthcare industry has been increasing rapidly in the past few years and this is expected to further boost growth of the global healthcare IT market growth during the forecast period.
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The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Healthcare IT market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Healthcare IT market landscape.
The Healthcare IT research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
The key companies studied in the report are:
Cerner Corporation, Oracle Corporation, Epic System Corporation, SAP SE, NextGen Healthcare Inc., Cognizant Technology Solutions, Wipro Limited, Tata Consultancy Services Limited, Dell Technologies Inc., and Allscripts Healthcare Solutions, Inc
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.
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This report is the latest document encompassing the massive changes that took place in the Healthcare IT market following the emergence. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Healthcare IT market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment.
Component Outlook (Revenue, USD Billion; 2017–2027)
- Hardware
- Software
- Service
Delivery Outlook (Revenue, USD Billion; 2017–2027)
- Cloud-based
- On-premises
Application Outlook (Revenue, USD Billion; 2017–2027)
- Electronic Prescribing System
- Laboratory Information System
- Tele-health
- Computerized Provider Order Entry System
- Electronic Health Records
- Picture Archiving and Communication System
- Healthcare Analytics
- Radiology information system
- mHealth
- Fraud management
- Vendor-neutral archive
- Revenue cycle management
- Customer relationship management
- Others
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Healthcare IT market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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